Ministry of Commerce & Industry
India achieves an all-time high annual merchandise exports, touching USD 417.81 billion in FY 2021-22, an increase of 43.18% over USD 291.81 billion in previous fiscal
For the first time, monthly merchandise exports exceed USD 40 Billion, reaching USD 40.38 billion in March 2022, an increase of 14.53% over March 2021
INDIA’S MERCHANDISE TRADE: Preliminary Data March 2022
India achieved an all-time high annual merchandise exports of USD 417.81 billion in FY 2021-22, an increase of 43.18% over USD 291.81 billion in FY2020-21 and an increase of 33.33% over USD 313.36 billion in FY2019-20.
For the first time, India’s monthly merchandise exports exceeded USD 40 Billion, reaching USD 40.38 billion in March 2022, an increase of 14.53% over USD 35.26 billion in March 2021 and an increase of 87.89% over USD 21.49 billion in March 2020.
India’s merchandise import in March 2022 was USD 59.07 billion, an increase of 20.79% over USD 48.90 billion in March 2021 and an increase of 87.68% over USD 31.47 billion in March 2020.
India’s merchandise import in April 2021-March 2022 was USD 610.22 billion, an increase of 54.71% over USD 394.44 billion in April 2020-March 2021 and an increase of 28.55% over USD 474.71 billion in April 2019-March 2020.
The trade deficit in March 2022 was USD 18.69 billion, while it was USD 192.41 billion during April 2021-March 2022.
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Statement 1: India’s Total Trade in Merchandise goods in March2022
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Value in Billion USD
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% Growth
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Mar-22
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Mar-21
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Mar-20
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Mar-22 over Mar-21
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Mar-22 over Mar-20
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Exports
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40.38
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35.26
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21.49
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14.53
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87.89
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Imports
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59.07
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48.90
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31.47
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20.79
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87.68
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Deficit
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18.69
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13.64
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9.98
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36.97
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87.23
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Statement 2: India’s Total Trade in Merchandise goods in Apr 2021-Mar2022
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Value in Billion USD
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% Growth
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Apr21-Mar22
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Apr20-Mar21
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Apr19-Mar20
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Apr21-Mar22 over Apr20-Mar21
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Apr21-Mar22 over Apr19-Mar20
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Exports
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417.81
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291.81
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313.36
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43.18
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33.33
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Imports
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610.22
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394.44
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474.71
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54.71
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28.55
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Deficit
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192.41
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102.63
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161.35
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87.49
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19.25
Value of non-petroleum exports in March 2022 was 33.00 USD billion, registering a positive growth of 4.28% over non-petroleum exports of USD 31.65 billion in March 2021 and a positive growth of 73.94% over non-petroleum exports of USD 18.97 billion in March 2020.
Value of non-petroleum imports was USD 40.66 billion in March 2022 with a positive growth of 5.26% over non-petroleum imports of USD 38.63 billion in March 2021 and a positive growth of 89.79% over non-petroleum imports of USD 21.42 billion in March 2020.
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Statement 3: Merchandise Non-POL Trade in March 2022
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Value in Billion USD
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% Growth
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Mar-22
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Mar-21
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Mar-20
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Mar-22 over Mar-21
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Mar-22 over Mar-20
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Exports
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33.00
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31.65
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18.97
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4.28
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73.94
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Imports
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40.66
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38.63
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21.42
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5.26
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89.79
The cumulative value of non-petroleum exports in April 2021-March 2022 was USD 352.76 billion, an increase of 32.62% over USD 266.00 billion in April 2020-March 2021 and an increase of 29.66% over USD 272.07 billion in April 2019-March 2020.
The cumulative value of non-petroleum imports in April 2021-March 2022 was USD 449.54 billion, showing an increase of 44.2% compared to non-oil imports of USD 311.75 billion in April 2020-March 2021 and an increase of 30.62% compared to non-oil imports of USD 344.16 billion in April 2019-March 2020.
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Statement 4: Merchandise Non-POL Trade Apr 2021-Mar 2022
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Value in Billion USD
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% Growth
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Apr21-Mar22
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Apr20-Mar21
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Apr19-Mar20
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Apr21-Mar22 over Apr20-Mar21
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Apr21-Mar22 over Apr19-Mar20
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Exports
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352.76
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266.00
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272.07
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32.62
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29.66
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Imports
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449.54
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311.75
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344.16
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44.20
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30.62
Value of non-petroleum and non-gems and jewellery exports in March 2022 was USD 29.38 billion, registering a positive growth of 4.79% over non-petroleum and non-gems and jewellery exports of USD 28.03 billion in March 2021 and a positive growth of 73.28% over non-petroleum and non-gems and jewellery exports of USD 16.95 billion in March 2020.
Value of non-oil, non-GJ  imports was USD 36.18 billion in March 2022 with a positive growth of 31.21% over non-oil and non-GJ imports of USD 27.58 billion in March 2021 and a positive growth of 93.52% over non-oil and non-GJ imports of USD 18.70 billion in March 2020.
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Statement 5: Merchandise Non-POL Non-GJ Trade in March 2022
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Value in Billion USD
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% Growth
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Mar-22
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Mar-21
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Mar-20
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Mar-22 over Mar-21
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Mar-22 over Mar-20
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Exports
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29.38
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28.03
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16.95
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4.79
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73.28
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Imports
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36.18
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27.58
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18.70
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31.21
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93.52
The cumulative value of non-petroleum and non-gems and jewellery exports in April 2021-March 2022 was USD 313.82 billion, an increase of 30.77% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 239.98 billion in April 2020-March 2021 and an increase of 32.88% over cumulative value of non-petroleum and non-gems and jewellery exports of USD 236.17 billion in April 2019-March 2020.
Non-oil, non-GJ  imports was USD 369.19 billion in April 2021-March 2022, recording a positive growth of 43.39%, as compared to non-oil and non-GJ imports of USD 257.47 billion in April 2020-March 2021 and a positive growth of 26.98% over USD 290.74 billion in April 2019-March 2020.
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Statement 6: Merchandise Non-POL Non-GJ Trade Apr 2021-Mar 2022
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Value in Billion USD
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% Growth
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Apr21-Mar22
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Apr20-Mar21
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Apr19-Mar20
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Apr21-Mar22 over Apr20-Mar21
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Apr21-Mar22 over Apr19-Mar20
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Exports
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313.82
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239.98
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236.17
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30.77
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32.88
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Imports
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369.19
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257.47
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290.74
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43.39
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26.98
Top 10 major commodity groups covering 81% of total exports in March 2022, are –
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Statement 7: Exports of Top 10 Major Commodity Groups in March 2022
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Value of Export 
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Share 
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Growth 
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Major Commodity Group
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Mar-22
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Mar-21
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Mar-22
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Mar-22 over Mar-21
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Engineering goods
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10470.80
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9298.36
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25.93
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12.61
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Petroleum products
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7377.07
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3609.36
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18.27
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104.39
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Gems and Jewellery
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3624.34
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3613.01
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8.98
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0.31
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Organic and Inorganic chemicals
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2649.59
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2288.87
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6.56
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15.76
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Drugs and Pharmaceuticals
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2261.65
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2295.05
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5.60
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-1.46
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Electronic goods
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1740.56
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1400.67
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4.31
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24.27
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RMG of all Textiles
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1661.50
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1425.95
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4.11
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16.52
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Cotton Yarn/Fabs./Madeups, Handloom products etc.
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1290.26
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1105.05
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3.20
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16.76
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Rice
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985.48
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1116.54
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2.44
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-11.74
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Plastic and Linoleum
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811.53
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719.54
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2.01
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12.78
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Total of 10 Major Commodity Groups
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32872.78
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26872.40
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81.41
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22.33
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Rest
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7506.82
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8384.20
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18.59
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-10.46
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Total Exports
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40379.59
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35256.60
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100.00
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14.53
Top 10 major commodity groups covering 81% of total imports in March 2022, are –
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Statement 8: Imports of Top 10 Major Commodity Groups in March 2022
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Import 
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Share 
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Growth 
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Major Commodity Group
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Mar-22
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Mar-21
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Mar-22
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Mar-22 over Mar-21
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Petroleum, Crude & products
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18406.97
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10271.38
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31.16
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79.21
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Electronic goods
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8293.79
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5864.15
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14.04
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41.43
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Coal, Coke & Briquettes, etc.
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4390.95
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1735.74
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7.43
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152.97
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Machinery, electrical & non-electrical
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3457.83
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3513.68
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5.85
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-1.59
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Pearls, precious & Semi-precious stones
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3337.02
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2547.27
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5.65
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31.00
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Organic & Inorganic Chemicals
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2720.91
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2102.57
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4.61
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29.41
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Transport equipment
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1993.64
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2210.75
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3.38
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-9.82
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Artificial resins, plastic materials, etc.
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1861.93
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1719.92
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3.15
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8.26
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Vegetable Oil
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1674.59
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1076.81
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2.84
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55.51
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Fertilisers, Crude & manufactured
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1615.96
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204.16
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2.74
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691.50
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Total of 10 Major Commodity Groups
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47753.59
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31246.42
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80.85
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52.83
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Rest
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11312.37
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17652.44
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19.15
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-35.92
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Total Imports
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59065.96
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48898.86
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100.00
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20.79
Top 10 major commodity groups covering 80% of total exports in April 2021-March 2022, are –
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Statement 9: Exports of Top 10 Major Commodity Groups in April 2021-March 2022
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Value of Export 
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Share 
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Growth 
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Major Commodity Group
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Apr21-Mar22
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Apr20-Mar21
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Apr21-Mar22
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Apr21-Mar22 over Apr20-Mar21
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Engineering goods
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111632.94
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76719.60
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26.72
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45.51
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Petroleum products
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65044.80
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25804.37
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15.57
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|
152.07
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Gems and Jewellery
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38942.88
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26022.82
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9.32
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49.65
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Organic and Inorganic chemicals
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29152.67
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22088.48
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6.98
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31.98
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Drugs and Pharmaceuticals
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24475.36
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24444.03
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5.86
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0.13
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RMG of all Textiles
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15936.70
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12272.21
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3.81
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29.86
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Electronic goods
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15588.06
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11093.29
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|
3.73
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40.52
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Cotton Yarn/Fabs./Madeups, Handloom products etc.
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15244.20
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|
9827.89
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|
3.65
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|
55.11
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Plastic and Linoleum
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|
9783.35
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7462.85
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2.34
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|
31.09
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Rice
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9625.50
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8829.21
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2.30
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9.02
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Total of 10 Major Commodity Groups
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335426.46
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224564.75
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80.28
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49.37
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Rest
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82382.75
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67243.73
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19.72
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22.51
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Total Exports
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417809.21
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291808.48
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100.00
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43.18
Top 10 major commodity groups covering 77% of total imports in April 2021-March 2022, are –
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Statement 10: Imports of Top 10 Major Commodity Groups in April 2021-March 2022
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Import 
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Share 
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Growth 
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Major Commodity Group
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Apr21-Mar22
|
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Apr20-Mar21
|
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Apr21-Mar22
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Apr21-Mar22 over Apr20-Mar21
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Petroleum, Crude & products
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160683.24
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|
82683.87
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|
26.33
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|
94.33
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Electronic goods
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|
73067.90
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|
54287.93
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|
11.97
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|
34.59
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|
Gold
|
|
46140.66
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|
34603.92
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|
7.56
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|
33.34
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Machinery, electrical & non-electrical
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|
39853.08
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|
30084.48
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|
6.53
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|
32.47
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Coal, Coke & Briquettes, etc.
|
|
31514.97
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|
16274.53
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|
5.16
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|
93.65
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|
Pearls, precious & Semi-precious stones
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|
30927.82
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|
18887.96
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|
5.07
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|
63.74
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|
Organic & Inorganic Chemicals
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|
30222.86
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|
19825.35
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|
4.95
|
|
52.45
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|
Transport equipment
|
|
20206.07
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|
18649.18
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|
3.31
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|
8.35
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|
Artificial resins, plastic materials, etc.
|
|
20104.96
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|
13510.01
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|
3.29
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|
48.82
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Vegetable Oil
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|
18931.51
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|
11089.11
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|
3.10
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|
70.72
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Total of 10 Major Commodity Groups
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471653.07
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299896.33
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|
77.29
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|
57.27
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Rest
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|
138568.35
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|
94539.54
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|
22.71
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|
46.57
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Total Imports
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610221.42
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|
394435.87
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|
100.00
|
|
54.71